CBK to Retain Policy Rate at 7% when its MPC Meets, say Analysts
The Central Bank of Kenya(CBK) is expected to retain the key policy rate at 7% when its top decision-making organ, the Monetary Policy Committee(MPC), holds its session this Wednesday, 26th [...]
Foreign Remittances in April Climb to Highest Level in 2021
Kenyans in the diaspora sent home a record amount of money in the month of April according to data released by the Central Bank. Foreign remittances rose to $299.3 million [...]
Crown Paints to Raise KSh711 Million in Rights Issue
Listed company, Crown Paints, plans to raise KSh711,810,000 through a rights issue after obtaining the necessary approvals from the company's board of directors, shareholders, and the Capital Markets Authority. As [...]Kakuzi explores value addition opportunities, plans to spend KSh 400 million in supporting smallholder avocado farmers
Kenyan listed integrated agro-business firm Kakuzi PLC has announced plans to invest more than KSh. 400 million in capital expenditures (CAPEX) this year to upscale the operations of its smallholder [...]Safaricom to launch Super App
Kenya's leading telco Safaricom Plc is planning to launch a super-appthis month which aims to bring all its products and services into a single M-Pesa app. The app, already available [...]
KenGen's US$6.5 Million Djibouti Power Project begins Next Month
Kenya Electricity Generating Company(KenGen) is set to begin drilling works on the $6.5 Million(KSh 709.8 Million) Geothermal Power Project, starting June this year. This International contract was awarded to KenGen [...]NSE Daily Turnover Rises 146% to hit KSh 1.1 Billion
Nairobi Securities Exchange(NSE) recorded a turnover of KSh 1,102,657,782 after a total of 30.6 Million shares traded in 1,051 deals when trading ended at the bourse this Monday. Uchumi Supermarkets [...]Car General's Half-year Profit Rises to KSh460.6 Million on Increased Demand for Motorcycles
Car General's net profit for the six months that ended on 31st March 2021 jumped by 180% boosted by the high demand for two-wheelers and three-wheelers in Kenya and [...]Transcentury Reports KSh1.4 Billion Half-Year Loss, Plans to Issue 2 Billion Additional Shares in Rights Issue
Transcentury has reported a KSh1.4 billion net loss for the half-year period that ended on 30th June 2020 compared to a net profit of KSh297 million posted in the same [...]NSE Weekly Turnover hits KSh 3.1 Billion As Banks Run the Show
The Banking Sector was the most active at the Nairobi Securities Exchange(NSE) when trading closed last week, with shares valued at KSh 1.8 Billion transacted which accounted for 60.96% of [...]Three Longtime NSE Board Members to Retire in June
The Nairobi Securities Exchange (NSE) has announced that Bob Karina, Samuel Kimani, and Hosea Kimutai are set to retire from the company's board on 3rd June 2021, after nine years [...]Safaricom Volumes Drop at NSE as Investors react to the firm's Declined Earnings
With a Market Capitalization of KSh 1.58 Trillion, Safaricom Plc dropped its position as the top mover at the Nairobi Stock Exchange(NSE) with a volume of 2.32 Million shares and [...]
